ZKB

‘Unusual’ six year non-call five structure chosen to mimic non-preferred debt

Generous spread helped local company print size

Swiss bank's rating and regional diversity appeal to investors

Swiss bank hopes to price close to non-preferred comparables

More corporates waiting to pounce, but blackouts and Easter set to hamper supply

ZKB raised Sf160m with the second Swissie deal since Russia invaded Ukraine

SSA issuer trained its sights on unsatisfied demand for green Swiss franc debt

Momentum undeterred despite fall in rates during execution

Consumer lender preparing its first bond since the end of its credit card partnership with Migros

Swiss franc issuance is increasing following the end of the summer break, with bankers expecting a minimum of four deals to grace the market next week. Banque Cantonale du Valais and EGW looked to get in ahead of this rush with a pair of long dated transactions on Wednesday.

BNP Paribas sold its first Swiss franc green bond on Tuesday, navigating concerns over the non-preferred format to twice bump up the size of its Sfr230m ($230.8m) deal. It was joined in the market by Pfandbriefzentrale, which printed two tranches of covered bonds.

LGT Bank, a private bank owned by the Princely House of Liechtenstein, priced its return to non-preferred format in under two hours on Monday, while managing to bump up the size and land inside fair value.